The Demand Function for a Product Is , Where

question 333

Multiple Choice

The demand function for a product is , where p is the number of dollars and x is the number of units. If the equilibrium price is $40, what is the consumer's surplus? ​

• A) $1,175
• B) $1,250
• C) $1,375
• D) $1,220
• E) $1,340

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Definitions:

Return On Total Assets

A financial ratio that measures a company's efficiency in using its assets to generate profit, calculated by dividing net income by total assets.